[www.reuters.com]

Most of the article is old news, really. "Stripper" wells are always the first to stop production when prices fall, and on my recent trip down I-5 it was obvious that few wells in the southern/southwestern SJV (classic "stripper" territory, depending on pumping and "enhanced recovery" with steam and the like) were producing even in early January - pumps mostly stopped. Interesting that the authors think the fracked wells will keep producing even at prices below $50/barrel (around $46 now) - because they mostly don't have to be pumped, reducing the cost of operation.

Since "stripper" wells seldom produce enough to justify major rail or new pipeline investment, shutting them in shouldn't affect oil train traffic much.